This project analyzes the impact of multinational companies on the business environment of the UK, focusing on ZARA's global expansion. It includes a project management plan, quantitative research, and recommendations for ZARA to achieve sustainable growth and success in the UK market.
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Student Declaration I certify that this assignment is entirely my work and I fully understand the consequence of plagiarism. I understand that making a false declaration is form of malpractice. Student Signature:Date:
Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1 Project aims and objectives of a chosen scenario..................................................................1 P2 Project management plan.......................................................................................................2 P3 Developing a work break down structure and Gantt chart to provide time frames and stages .....................................................................................................................................................4 TASK 2............................................................................................................................................5 P4 Carrying out small research by applying quantitative research methods in meeting aims and objectives..............................................................................................................................5 TASK 3............................................................................................................................................8 P5 Analysing research and data by using appropriate tools and techniques..............................8 P6 Communicating appropriate recommendation of research and data with valid conclusion19 TASK 4..........................................................................................................................................19 P7Reflection on value of undertaking research to meet stated objectives and own learning performance...............................................................................................................................19 CONCLUSION..............................................................................................................................20 REFRENCES.................................................................................................................................21
INTRODUCTION In today's context globalisation describe growing interdependency of world's economies, culture and population that are brought across national and international trade goods and services, technology and flow of investments. It is a process of that defines integrating, exploring andcommunicating amonggovernment, peopleand companiesatwidercontext. Itis a framework that spreadsproduct, technology information across nationaland international culture. Additionally, it allows business and countries to specialise in producing goods and services in order to have competitive advantages in marketplace. It is also a framework that help an organisation to attain enhancement, profitability, productivity with high customer's base along with market share at international marketplace. In this report organisation chosen is ZARA, a Spanish fastest growing fashion brand as well as worlds largest apparel retailer. This report is going to analysis aims and objectives how companies are impacting on business environment of a host destination, a country, city or region. Moreover, producing management plan that covers aspect of business along with work breakdown structure, Gantt chart in order to provide time frames or stages of completion. Eventually, carrying out small scale research by applying quantitative and qualitative research methods in order to meet up appropriate project aims and objectives in an effective manner. Furthermore, communicating recommendation of result of data analysis and reflection of conducting project as well as its usefulness to support sustainable organisation performance. TASK 1 P1 Project aims and objectives of a chosen scenario Aim:“Todeterminehowmultinationalcompaniesimpactsuponthebusiness environment of UK. A Case study on ZARA.” Objective: To analyse the role of multinational organisations in the market of UK. To determine various issues and challenges which are faced by ZARA while expanding their business at global level. To ascertain the influence of multinational companies upon the business environment of UK.
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Background of the study In today's eraglobalisation is a framework that have attain my many organisation and companies to know impact of their business operations in international marketplace. This process is adopted my many of the organisation so that they can sell their product and servicesin competitivemarketplace.Asthisprocesshelpaparticularorganisationtomaintainits productivity, profitability as well as sustainability for longer period of time. Moreover, in context to ZARA a Spanish fastest growing fashion brand as well as worlds largest apparel retailer. A particular organisation is expanding their business at internation that is into another countryin order to expand their business operations in competitive marketplace. Furthermore, evaluating reasonhow companies are impacting on business environment of a host destination, a country, city or region. P2 Project management plan Company:ZARA Project Title:“ How do multinational companiesimpact the business environment of host destination a country, region or city?” Aim:“Todeterminehowmultinationalcompaniesimpactsuponthebusiness environment of UK. A Case study on ZARA.” Objective: To analyse the role of multinational organisations in the market of UK. To determine various issues and challenges which are faced by ZARA while expanding their business at global level. To ascertain the influence of multinational companies upon the business environment of UK. Question: What are the role of multinational organisations in the market of UK? What can be the issues and challenges faced by ZARA while expanding their business at global level? How multinational companies influence upon the business environment of UK?
Cost :Cost expressesamount of money that is spent on production or in creation of goods and services. It is also referred as fund which is estimated in order to conduct a particular research in an effective manner. Cost Budget of Globalisation ParticularsAmount Initial investment200000 Research and development activities45000 Operational expenses25000 Cost of It experts48500 Maintenance11800 Licensing fee8000 Closing value20000 Scope:A scope within a project management is referred ascombination of aims and objectives that re required in completion of project within stipulated period of time along with estimated cost. Herein, the researcher is scheduling out task and activities that are need to be performed by employees and staff members so that they can perform their activities in effective and efficient manner. Time:Inan organisation context time play's an essential role in completion of project along with its aims and objectives within estimated period of time. Herein, a respective organisation need to maintain its time as per their their objectives so that an effective result can be determined. Moreover, an organisation requires approx 2 years in competition of their project that is how companies are impacting business environment of a destination, country or region. Quality:Quality play's a vital role in an organisation as it become important to maintain quality of product and services in competitive marketplace. For such instance an organisation need to maintain their quality standard of their product as well as train their employees and staff so that they can achieve their goals and objective in an effective manner. Communication:In an organisation communication play's an effective rolein order to haveproficiencyinworkplace.Herein,amangerofarespectiveorganisationneedto
communicate its plan to its employee member and staff member so that effective decision can be determined in competition of project. Risk:In each and every business risk is associated with its operating business function andactivities.Herein,anorganisationisestimatingriskinexpandingtheirbusinessat international level in order to know impact of business environment in which country an organisation is operating at. Resource:In an organisation it is responsibilities of a manger to maintain availability of resources so that product and services can be offered according to the estimated task. Herein, main motive of an organisation is to maintain its resources so that it can be utilised in an effective manner. For such purpose they are training their employees and staff members so that its goals and objectives can be attain in an appropriate manner. P3 Developing a work break down structure and Gantt chart to provide time frames and stages Work Breakdown structure:In project management Work breakdown structure is defined as a system of engineering which is deliverable to oriented breakdown structure of plans and project into smaller division. Eventually, it is hierarchical decompositionof task which is executed by team members in completion ofproject. It main motive is to cut down complexity of task and collection of small works. For such purpose, it makes easier for an manger to go through smaller work as compared to complexity of work. Herein, ZARA are identifying requirement of overall expenses which they required to maintain in order to achieve their goals and objectives in an effective manner.
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Gantt Chart:Gantt chart can be defined as horizontal bar chart tool that illustratein planning, coordinating and track specific task in a project management. Herein, in this tool vertical existdetermines how time intervalor else with shows duration of each activities and task. As it help an researcher to identify initial staring time till completion of project. Moreover, modern chart of an organisation indicates precedence network relationship with the activities. Initially, main objectives behind adoption of this tool is to plan and schedule projects within stipulated period of time. As this process help to determine how many resources are required with the effectiveness of how long a project will work. Thus, it is helpful in habituation between businesses. As per the above stated Gantt chartthe time period need is 7 days . As per adopting literature reviewrespectiveorganisationrequired12daysfordecidingandpreparingresearch methodologies that a organisation need in 14 days. Moreover, for collecting appropriate information and data ZARA required 17 days time in analysing effectively. Along with this for preparing conclusion and recommendation a company required 3 days of sumission on final report to its senior authority. TASK 2 P4 Carrying out small research by applying quantitative research methods in meeting aims and objectives Research Methodology:The word research means to find something new, methodology is a way to get the newest information on platform. Combing these words research methodology showcase a particular procedure or the strategy to find, select, process and analyse the data in a way to get the exact information about a topic. Methodology defines that how the data has been collected and how it analysed in an appropriate manner . It focuses on finding new research on the basis of data which has been collected from the previous research papers or written in books. Qualitative research:It is essentially primary research. It focuses on various aspects on the basis reasons, sentiments, and inspirations. It also involves the quality related to the preference, taste, priority, etc. It gives knowledge into the issue or creates thoughts regarding the perspective of ones view on something which help in collecting various data. Subjectivity Research is additionally used to reveal thought and sentiments, of one's views with respect of its behaviour or the priority towards the product or data which the research is based on. The
information collected by strategies differs utilizing unstructured or semi-organized methods. Some regular strategies merge central gathering, singular meetings, and one to one questioning with strangers. Quantitative research:When it talks of quantify the issue by finding the different numerical data and putting it in an appropriate formatof statistics so to get the knowledge of different perspective. It focuses on the different attitude, opinions, behaviour of people, and many different variable on the basis of research and analyse. It from the large sample of population which is much more appropriate, if it compares to qualitative research. In the research there are many different ways to find an appropriate detail such as surveys online, surveys on paper, surveys on mobile, etc. Primary research :Primary means prime or first, it defines as a method which focus on to collect data directly from the public out there. It has no role in the previous research done by the people or it is not dependent on any data collected by researchers in its priority research. Mainly it is called the data collected by own. In primary research it has worked on a certain problem which will carry forward to find the future solution of it. Secondary Research:It focuses on the research which has been done prior from the researcher. It includes all the books, blogs, journal, websites, etc. These researches can be done by different existing papers because of which it is cost effective as compared to primary research. It has a benefit that a company can hire a third person to collect data on its behalf and can maintain it in an appropriate manner. Sampling:Sampling is a method which has been adopted by company in order to have appropriate sampling size so that effective result can be adopted. In an organisation sampling be adopted with different methods such as random sampling, systematic sampling, stratified sampling ormulticlustersampling methodologies. Eventually,for completion ofproject researcher is adopting sampling techniques for acquiring data. Total population:In research total population indicates number of respondent which are selected by researcher in conduction research so that an effective and appropriate result can be drawn. Herein, total population selected by an organisation that is ZARA are 30 respondents out of total population. Sample Size:Sample size refers to the number of sample in which researcher or an organisation selects from total number of population. With the adoption of researcher can
identifyits effectiveness of project in an appropriate manner. Herein, an organisation have selected 30 respondents out of total population so that effective conclusion can be drawn. In order to identifythe effectiveness of how business environment impact of expanding business at host destination, country, region and cities. For such purpose an researcher have conducted qualitative research method in conducting survey. QUESTIONNAIRE Q.1. Do you have knowledge about how an organisation operates at global level? ď‚·Yes ď‚·No Q.2. Do you think that globalisation impact upon business environment of a country? ď‚·Yes ď‚·No Q.3. What are challenging forces faced by ZARA while expanding their business operations and functions at international marketplace? ď‚·Change in advancement of technology ď‚·Cultural difference ď‚·Regulations and governments policies ď‚·All of the above Q.4. Does ZARA will attain sustainability in achieving with high growth and success while operating at multinational level? ď‚·Agree ď‚·Disagree Q.5. Does multinational organisations impacts negatively upon the business environment of particular country while operating their business activities in it? ď‚·Yes ď‚·No Q.6.What entry modes can be adopted by ZARA in exploring their business strategy in new emerging marketplace of United Kingdom? ď‚·Franchising ď‚·Licensing ď‚·Patten right
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Trade Mark Q.7. Do you think while operating at United kingdom, ZARA will able to attain large market share along with high customer base? Agree Disagree Q8. In what way globalisation can impact on business operations and function while expanding their business in new marketplace? Positive Negative Q9. Does the government of a particular nation requires to announce any norms and regulation for multinational organisation in order to expand their business operation? Yes No Q10. What are the environmental factors that impact on an organisation while performing their activities at different country? Micro economic factor Macro economic factor Q11.Do you have any suggestion regarding further improvements ….................... TASK 3 P5 Analysing research and data by using appropriate tools and techniques Theme:knowledge about how organisation operates at global level Q.1. Do you have knowledge about how an organisation operates at global level? Frequency Yes20 No10
Interpretation:From the above drawn graph it has been stated that globalisation is a vast concept. Most people are aware about this concept. Herein, from graph out of 30 respondents is has been observed that 20 are responding thatthey have knowledge about the concept of globalisation. Moreover, remaining 10 are responding that they operating business at global level is not as easy and dosenot have any idea about the concept of globalisation. Theme:Globalisation impact upon business environment of a country Q.2. Do you think that globalisation impact upon business environment of a country? Yes18 YesNo 0 2 4 6 8 10 12 14 16 18 20 Column B
No12 Interpretation:In today’s context it has been observed that business environment have both positive and negative impact on operating business at international level. According to the above concluded graph it has been stated that out of 30 respondents18 respondents are responding that business environment will have impact on business environment while operating business at international level. Where as out of 30 respondents 12 areresponding that while carrying out business objectives and function an organisation will not have any greate impact by business environment. Theme:Challenging forces faced by ZARA while expanding their business operations Q.3.Whatarechallengingforcesfacedby ZARAwhileexpandingtheirbusiness operationsandfunctionsatinternational marketplace? Frequency YesNo 0 2 4 6 8 10 12 14 16 18 Column C
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Change in advancement of technology5 Cultural difference6 Regulations and governments policies10 ď‚·All of the above9 Interpretation:There are always challenges in business while operating at both domestic or international level. Some of the challenges that are faced by ZARA while operating their business at international level are stated by the above graph. Such as out of 30 respondents 5 respondents are saying that they will face problem in change in advancement of technologies, while 6 are responding that their will vast change in cultural as culture differ from country to country. Moreover, 10 are agreeing that while operating business at international level their will Change in advancement of technology Cultural difference Regulations and governments policies All of the above 0 2 4 6 8 10 Column C
be lot of government interferences. Thus, remaining 9 are responding that all the above stated forces will be faced by ZARA while operating their business at global level. Theme:Will attain sustainability in achieving with high growth and success Q.4. Does ZARA will attain sustainability in achieving with high growth and success while operating at multinational level? Frequency ď‚·Agree15 ď‚·Disagree15 AgreeDisagree 0 2 4 6 8 10 12 14 16 Column C
Interpretation:For an organisation sustainability is essential as it help a business to attain market share for longer period of time. Herein, from the above drawn graph it has been concluded that out of 30 respondents 15 are responding that a respective organisation will attain sustainability for longer period where as remaining are responding that an organisation will not able to attain sustainability for longer duration of time. Q.5. Does multinational organisations impacts negatively upon the business environment of particular country while operating their business activities in it? ď‚·Yes ď‚·No Q.5. Does multinational organisations impacts negatively upon the business environment of particularcountrywhileoperatingtheir business activities in it? Frequency Yes18 No12
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Interpretation:From the above stated graph it has been drawn that out of 30 respondent 18 are responding thatexpanding business at globalisationwill have have negative impact upon on business environment where they are operating. Moreover, remaining responding that it will not have any kind of negative impact while selling their goods and services at international level. Theme:Entry modes adopted by ZARA in exploring their business strategy in new emerging marketplace. Q.6.What entry modes can be adopted by ZARA in exploring their business strategy in newemergingmarketplaceofUnited Kingdom? Frequency Franchising10 Licensing8 Patten right6 Yes No 0 2 4 6 8 10 12 14 16 18 Column E
Trade Mark6 Interpretation:While operating at international level ZARA have adopted different entry mode that has been stated from the graph that out of 30 respondents 10 are responding that they can attain franchise, 8 are responding that they can attain licensing for operation of their business. Moreover, 6 are responding that they can attain Patten right as well as remaining 6 are responding that they can gave trade mark for their [product and services in developing their business at international level. Thus, it can be said that all the entry modes are useful in developing business at international level so that an organisation can attain sustainability for longer period of time. Theme:Large customer base along with high market share Q.7. Do you think while operating at United kingdom,ZARAwillabletoattainlarge market share along with high customer base? Frequency FranchisingLicensingPatten rightTrade Mark 0 1 2 3 4 5 6 7 8 9 10 Column C
Agree20 Disagree10 Interpretation: From the above drawn graph has been concluded that while operating business at international level an organisation will able to attain high customer base as well as high market share. As per the above graph it has been concluded that out of 30 respondents 20 are responding that an organisation will able to attain sustainability with high customer base for longer duration of time. Moreover, remaining are responding that it will not be easy for an organisation to attain high customer loyalty along with market share.As organisation have to face many challenges and issues while carrying their business at globalisation level. Theme: Globalisation impact business operations and function while expanding business. Q8. In what way globalisation can impact on businessoperationsandfunctionwhile expanding their business in new marketplace? Frequency AgreeDisagree 0 2 4 6 8 10 12 14 16 18 20 Column C
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Positive19 Negative11 Interpretation: From the above stated graph it has been concluded that globalisation will have both positive and negative impact while operating their function at international level. Herein,20arerespondingthatglobalisationwillhavepositiveimpact,whereas10are responding that organisation that globalisation will have negative impact on developing business at international marketplace. Theme: Government announce any norms and regulation for multinational organisation Q9. Does the government of a particular nation requires to announce any norms and regulation formultinationalorganisationinorderto expand their business operation? Frequency PositiveNegative 0 2 4 6 8 10 12 14 16 18 20 Column D
Yes15 No15 Interpretation:Government norms and regulation play’s a essential role in business function and activities. Herein, respondents are responding that government will have positive impact in business intervention while operating at international level. Moreover, an organisation will have negative impact from government while expanding their business at international level. As it become difficult for an organisation to have such advancement of norms and regulation in positive manner. YesNo 0 2 4 6 8 10 12 14 16 Column C
Theme: Environmental factors impact on organisation while performing at different country Q10. What are the environmental factors that impact on an organisation while performing their activities at different country? Frequency Micro economic factor17 Macro economic factor13
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Interpretation: in business environment both micro and economic factors plays an effective role in carrying out their business at international level. From the above drawn graph that 18 arerespondingthatmicrofactorswillimpactonbusinessfunction.Moreover, remaining are responding that macroeconomic factor willimpact in performing their business activities at globalisation level. Micro economic factorMacro economic factor 0 2 4 6 8 10 12 14 16 18 Column C
P6 Communicating appropriate recommendation of research and data with valid conclusion From the above discussion it has been concluded that an researcher was hired by ZARA organisation in order to provide recommendation in order to have better improvement to attain future meets. ď‚·Managers of respective company need to conduct as well as analysis evaluation of market in order to know impact of business environment while operating at different level. ď‚·Herein, managers can adopt various strategies and policies in order to over come with impact of business environment in expansion of business at international level. ď‚·Moreover, mangers can provide various training and development session in order to overcome such impact of business environment so that goals and objectives of an organisation can be attain accurately. ď‚·Furthermore, an organisation need to have proper research in order to collect relevant and appropriate data so that proper identification can de attain so that customer's need and want can be achieved. ď‚·Apart, from this they also need to maintain quality of product and services so that they can able attain sustainability for longer duration of time in competitive marketplace. Thus, the above mention are some of the recommendation that can de adopted by mangers of ZARA so that they can attain larger market share along with high customer's base in competitive marketplace. TASK 4 P7Reflection on value of undertaking research to meet stated objectives and own learning performance While conducting this research I have grown through many problems and issues while completion of this project within stipulated period of time. Herein, from this research I have developed a chance to gainconfidence, knowledge, patience, team work skills, team
handling skills and many more. In starting I face some issues such as conflict in team due to different different prospective on one topic. Sometime respondents also not react in effective manner on questions of researcher which to problems in analysing. Moreover, by developing all the process and I have acquired many things like how to handle and work team, how to understand other, how to solve problem of others and many others. CONCLUSION From the above discussion it has been stated that globalisation have an unique role in business activities ant both domestic and international level.As this process help an organisation to enhance its productivity, profitability as well as attain sustainability for longer period of time. For such purpose they need to develop their employees and staff member in an effective manner so that they can faces problems and issues of business environment so that effective result can be attain accurately.Moreover, it is necessary for an organisation toconduct training and development session so that new strategies can be evaluated in expanding business at international level. Moreover, by conducting a research a respective organisation can know its competitive position in same product line before entering into international marketplace.
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